With 2Q global debt issuance well above his expectations, Raymond James analyst Patrick O’Shaughnessy sees significant earnings upside for ratings powerhouse S&P Global. In a research note, O’Shaughnessy also says rallies across multiple stock markets and the S&P’s acquisition of investment research provider Visible Alpha complete the rosy picture. Raymond James, which has an outperform rating on shares, raises its target price on S&P Global to $491 from $462. S&P Global is up 0.6% to $463.08.